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Thursday, 30 April 09
SAN MIGUEL IN TALKS TO BUY STAKE IN ADARO - REUTERS
San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy , Indonesia's largest coal producer by market value, the Philippine conglomerate's president said on Wednesday.
It will be the second time that San Miguel has attempted to buy a stake in an Indonesian coal firm, after earlier talks to take a majority stake in the Southeast Asian country's top miner PT Bumi Resources fizzled out.
"Yes, in talks with Goldman," San Miguel president Ramon Ang told Reuters when asked if Southeast Asia's biggest food and beverage firm was among possible buyers of the stake up for sale in Adaro.
Ang declined to say how big a stake San Miguel plans to buy.
Goldman Sachs, Citigroup and hedge fund Farallon were looking to sell around 17 percent of Adaro Energy to strategic investors, sources told Reuters earlier this month.
The sale was expected after a lockup period ended in March for financial sponsors, which included the three financial groups, which had participated in Adaro's $1.3 billion initial public offering last year, analysts had said.
Goldman Sachs, with a 9.94 percent stake in Adaro, is coordinating the sale of the shares, one source with direct knowledge of the matter said two weeks ago.
Goldman Sachs was adviser to San Miguel in the Manila-based conglomerate's ambitious diversification plan, which resulted in San Miguel's purchase of 27 percent of utility Manila Electric Co last year, a planned telecommunications venture, and a pending purchase of majority of oil refiner Petron Corp.
San Miguel is diversifying away from its traditional food and beverage business to fuel future growth.
Analysts said investors may want to sell out of Adaro given the uncertainty over coal prices amid an economic downturn.
Source: http://in.reuters.com/article/innovationNews/idINTRE53S47R20090429?sp=true
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Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
Thursday, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...
Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...
Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...
Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...
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- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
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